Akzo Nobel India Limited has informed the Exchange about Options to purchase securities by approving JSW Dulux Limited - Employee Stock Option Scheme, 2026, subject to shareholder approval
JSWDULUX · price
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JSW Dulux Limited's board, at its meeting on 23rd March 2026, approved the 'JSW Dulux Limited – Employee Stock Option Scheme 2026' (ESOP 2026) covering 3,75,124 equity shares for eligible employees of the company, its subsidiaries, and its holding company. The exercise price will be the market price on the grant date (not less than face value), with vesting spread over 1 to 5 years and an exercise window of up to 4 years. The board also appointed Mr. Kaustubh Sudhakar Kulkarni (from JSW Steel's Banking, M&A and Strategic Financing team) as a Non-Executive Non-Independent Director and Ms. Sutapa Banerjee (a veteran of financial services) as an Independent Woman Director for three years. All items, including alteration of Articles of Association and a trust-route secondary acquisition for ESOP implementation, will be put to shareholders via postal ballot.
The ESOP will result in a small dilution of around 3.75 lakh shares and is generally seen as an employee retention signal; the proposed name change and JSW Group-linked appointments signal deeper integration of JSW Dulux with its new parent. Shareholders will get a chance to vote on these matters through a postal ballot in the coming weeks.